Quantitative Investment Management LLC Makes New Investment in EOG Resources, Inc. $EOG

Quantitative Investment Management LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,042 shares of the energy exploration company’s stock, valued at approximately $1,432,000.

Other institutional investors also recently made changes to their positions in the company. Acumen Wealth Advisors LLC bought a new stake in EOG Resources in the fourth quarter worth $25,000. SJS Investment Consulting Inc. boosted its position in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 124 shares during the period. Prosperity Bancshares Inc bought a new position in shares of EOG Resources during the fourth quarter valued at about $26,000. Nemes Rush Group LLC bought a new position in shares of EOG Resources during the fourth quarter valued at about $30,000. Finally, Financial Life Planners purchased a new position in shares of EOG Resources in the first quarter worth about $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 1.2%

NYSE EOG opened at $145.05 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The stock has a market capitalization of $76.08 billion, a PE ratio of 11.29, a PEG ratio of 0.53 and a beta of 0.25. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $153.67. The business’s 50-day moving average is $140.45 and its 200 day moving average is $136.58.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.EOG Resources’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.32 EPS. Sell-side analysts forecast that EOG Resources, Inc. will post 16.87 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. EOG Resources’s payout ratio is 31.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Wells Fargo & Company restated an “overweight” rating and set a $193.00 price target (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of EOG Resources in a research note on Friday, August 7th. Barclays set a $147.00 price objective on EOG Resources and gave the company an “equal weight” rating in a research report on Monday, August 17th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $183.00 target price on shares of EOG Resources in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $156.33.

Insider Activity at EOG Resources

In related news, CEO Ezra Y. Yacob sold 35,942 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.